Bank fights for stake in PHH case to battle CFPB authority

Housingwire discusses the PHH Corporation v. Consumer Financial Protection Bureau case with Sam Kazman. 

Despite motions from other parties being denied, Competitive Enterprise Institute General Counsel Sam Kazman said they are “cautiously optimistic” that their recent motion to intervene will be approved.

The CEI, which advocates for limited government, and the 60 Plus Association, a nonprofit that represents the interests of senior citizens, are also part of the State National Bank case.

“We want to make sure all the constitutional arguments are fleshed out in the PHH case,” said Kazman. “Our plaintiffs wouldn’t be satisfied by the head only being allowed to be removed from the president.”

Read the full article at Housingwire.